Richemont’s Watchfinder.co.uk has filed its accounts for the year to March 2025 with the retailer of premium pre-owned watches reporting a similar sized loss to the previous year although revenue was higher.
Watchfinder & Co.
In fact, sales increased as much as 18%, reaching just under £110 million and gross profit was up 10% at £15.4 million. But the operating loss was £12.58 million after a loss of £12.53 million in the previous year. The net loss for the financial year was slightly narrower than in the previous period, dropping to £12.156 million from £12.614 million.
The numbers relate to its UK activities specifically and the company said that despite a challenging trading year, it maintained its position as a market leader for luxury preowned watch sales in the country. But the strong volatility of prices in the market, together with the difficult economic environment in Britain had an impact on its trading results.
For the current year, the board said that it will continue to elevate the brand positioning, enhanced brand awareness and develop its presence further in key locations around the world. It will also look at continuing to expand the business in the UK via a combination of e-commerce and a physical retail presence.
